Buyer Competition Intensifies: 4 Offers for Every Home Sold in February 2021

Dated: March 29 2021

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With demand for homes outpacing new listings, buyer competition continues to intensify. On average, there were four offers per home sold (closed) in February, according to NAR’s latest February REALTORS® Confidence Index Report, a monthly survey of REALTORS® about their transactions. One year ago, there were two to three buyers for every home sold. The intense competition has led to double-digit price growth and properties selling in record time. To get back to a healthy supply level equivalent to 6 months of monthly demand, an additional 2.7 million homes should be on the market for sale.

Line graph: Offers Received Per Sold Property, October 2015 to January 2021
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Noemi Rivera Williams

I'm an expert real estate agent with HOMEWARD REAL ESTATE in Tampa, FL and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Original....

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